MJHS MEDICAL ASSOCIATES PC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Principal Officer

KERRIANNE PAGE

Phone

7184917208

Tax Period

2023-01-01 to 2023-12-31

MJHS MEDICAL ASSOCIATES PC, founded in 2011, is a mid-sized nonprofit in the Health Care sector that reported $12.3M in total revenue in fiscal year 2023.

Mission

THE PURPOSE FOR WHICH THE CORPORATION IS FORMED IS TO PRACTICE THE PROFESSION OF MEDICINE FOR AFFILIATES OF METROPOLITAN JEWISH HEALTH SYSTEM, INC., WHICH PROVIDE MEDICAL AND HEALTH SERVICES IN BROOKLYN, NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $10,548,011 Revenue: $12,279,378

MJHS MEDICAL ASSOCIATES, PC COORDINATES PHYSICIAN SERVICES AND PRACTICES MEDICINE WITH A FOCUS ON PALLIATIVE CARE AND MEDICAL MANAGEMENT. THE PC HAS AGREEMENTS WITH MJHS HOSPICE AND PALLIATIVE CARE AND ELDERPLAN, INC., BOTH ORGANIZATIONS WITHIN THE MJHS FAMILY. IN 2023, THE MEDICAL PC PROVIDED APPROXIMATELY 2,151 PALLIATIVE CARE VISITS. IT ALSO PROVIDED 1,672 MEMBER MONTHS OF MEDICAL MANAGEMENT SERVICES TO ELDERPLAN MEMBERS - THROUGH THE MJHS PLUS PROGRAM - AND 12,637 MEMBER MONTHS OF SERVICES TO NURSING HOME RESIDENTS - THROUGH THE ELDERPLAN ISNP.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,717,355

Investment Income $0

Other Revenue $9,562,023

TOTAL REVENUE $12,279,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,079,562

Fundraising Expenses $0

Program Expenses $10,548,011

Other Expenses $1,054,971

TOTAL EXPENSES $12,134,533

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,279,378	$11,816,388	+0.0%
Expenses	$12,134,533	$12,430,814	0.0%
Net Income	$144,845	$-614,426	-1.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,283,854

Total Directors

$2,469,649

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Russell Portenoy	President/S.H.(TERM 12/31/23)	6.0	Officer Director	$0	$107,427	$887,306
Gilbert Burgos	Director	6.0	Director	$0	$75,782	$467,188
Bernard Lee	Secretary/Treas/Shareholder	6.0	Officer Director	$0	$77,326	$396,548
Michael Mencias	Director	6.0	Director	$0	$78,433	$363,744
Tartania Brown Newton	Director	6.0	Director	$0	$26,265	$354,863
Anna Kimelfeld	AVP OF I-SNP & GCC CLIN SVCS	35.0	Highest	$222,765	$51,179	$273,944
Dominique Valentin	ASST DIR IE-SNP & GCC CLIN SVC	35.0	Highest	$209,580	$44,692	$254,272
Elena Frish	NURSE PRACT MGR OF CLIN PRAC	35.0	Highest	$186,555	$58,793	$245,348
Ashuwinder Singh	NURSE PRACT MGR OF CLIN PRAC	35.0	Highest	$187,047	$52,767	$239,814
Laura Paduano	DIR OF I-SNP CLIN SVCS & QM	35.0	Highest	$215,609	$16,175	$231,784

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$12,279,378	$12,134,533	$1,188,987	$144,845
2022	$11,816,388	$12,430,814	$1,226,196	$-614,426
2021	$12,081,954	$11,280,271	$1,648,769	$801,683
2020	$12,586,094	$12,370,354	$1,712,694	$215,740
2019	$10,439,968	$10,888,433	$1,431,201	$-448,465
2018	$10,095,464	$10,155,388	$1,812,762	$-59,924